Blue Zone Wealth Advisors LLC Has $1.18 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Blue Zone Wealth Advisors LLC increased its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 301.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,284 shares of the retailer's stock after purchasing an additional 964 shares during the period. Blue Zone Wealth Advisors LLC's holdings in Costco Wholesale were worth $1,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Sculati Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after purchasing an additional 11 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock worth $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC raised its stake in Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock valued at $1,164,000 after purchasing an additional 11 shares during the last quarter. Scott Capital Advisors LLC grew its holdings in Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer's stock valued at $1,247,000 after buying an additional 11 shares in the last quarter. Finally, Lantz Financial LLC grew its holdings in shares of Costco Wholesale by 1.7% during the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer's stock worth $591,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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Costco Wholesale Stock Down 2.7 %

COST stock traded down $28.32 during trading hours on Thursday, reaching $1,034.22. 1,996,019 shares of the stock were exchanged, compared to its average volume of 1,908,977. The firm's 50-day moving average is $973.78 and its 200-day moving average is $928.24. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $459.09 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 6.28 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.25%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Loop Capital increased their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Finally, UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, Costco Wholesale has an average rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.